BUSINESS VALUE As a result, our client has become one of the international leaders in the IPTV solutions market. In the year of the project completion, SmartLabs won the $50 million contract with the largest telecom operator in Eastern Europe. Their IPTV devices and software solutions were installed for two million subscribers. The devices designed by our engineers — SML-282 Base and SML-292 Premium — were used as the basis for IPTV services by Eastern European companies and Spanish operator Bona Netto. Later we designed for SmartLabs a hybrid STB and adapted it to mass production in collaboration with Art. Lebedev Studio. In just 4 months, a working prototype was ready, and after 10 months we reached production volumes of tens of thousands of units. Today, our IPTV STB is a

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